OCR Text |
Show KING'S DEATH MAY HAVE BAD EFFECT ON BONDS James A. Pollock & Co., bankers and brokers 333-35 South Main street, furnish the following, recelvod over their private wiro vesterday afternoon: Paine. Webber & Co., letter. Boston All tho markets here had a short session today closing at 11 a. m. In respect to the late King Edward- The opening was strong and the buying was well sustained throughout tho session. The Immedlalo future of the King's death cannot be foretold fore-told but It seems to be the best opinion that It has been discounted and that a fair rally may como the first of next week. We sec no reason to change our opinion of tho copper situation and we think we will have a long sagging market with stocks a sale on all rallies. A rich strike reported at No. 1 drill of Bohomla and developments at this property may be of great Importance to that district. Logan & Bryan stock letter, New York In view of the support tendered during the early trading the "market did not display the reactionary tendency expected under tho circumstances, but, on the other hand, revealed a desire on the part of shorts to even up accounts over Sundayr It Is feared that politics may become a serious factor In continental affairs and thus cause concern In International banking bank-ing circles and perhaps delay the completion com-pletion of contemplated bond sales abroad. Next Monday's crop report, and also that of the Copper Producers' association, are expected to become factors of Importance. The ability of the market to withstand unfavorable news was gratifying but at the same time tho lack of outside demand de-mand tends to nullify the expectancy of a sustained upward movemont at this time. |